Some decent charts to play the manufacturing, auto, capital goods, govt. capex and railway infra themes
I do not know much about these businesses to know what the upside can be but have taken some positions so that I have the incentive and motivation to understand. All these seem to be on strong uptrends or getting started on strong moves
HBL Power, Weekly - If it manages above 100 this week, it could be a strong close. Has been struggling to do so for few months now. Recent order wins seem to be giving some impetus. There is however supply in the market from a large seller (Banyan Tree) but it might be drying up finally going by the strength.
TD Power, Daily - Has been trending strongly from 200 levels. Strong order book powered by capex recovery and also from railways. Valuation perhaps not too much in favour but the order tailwind might sustain for sometime. They do have some sort of moat in the kind of businesses they are in.
Elecon,Daily - Appears to be retesting the breakout from 2 month consolidation. Has been on a strong uptrend for several weeks
Sundaram Clayton, Weekly - Seems to be a long-term breakout.
Disc: Have small foot-in-the-door positions in these so that I don’t get blinkered into sticking to the consumption theme alone. HBL Power from 90 levels (somewhat bigger position), TD Power from current levels, Elecon around 380, Clayton from 4900
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